What are the penalties for securities fraud?

In Maryland, securities fraud is a white-collar crime that is punished severely. The penalties for securities fraud depend on the severity of the crime and can range from financial restitution to prison sentences. For a misdemeanor offense, a possible penalty could be a fine of up to $10,000 or up to five years in prison. For a felony offense, a person could be charged with up to fifteen years in prison and a fine of up to $25,000. In addition to the fines and prison sentences, a person who has been convicted of securities fraud is subject to civil penalties by the Securities and Exchange Commission. These civil penalties can include disgorgement of any profits, suspension of licenses, and/or restitution. In cases of serious securities fraud, a person can also be prosecuted for a federal crime. A federal conviction carries more severe punishment, including up to 25 years in prison and a fine of up to $250,000. Overall, securities fraud is a serious crime and carries severe penalties. It is important to be aware of the laws and regulations of securities fraud to protect yourself and your investments.

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